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Norway GDP

Norway's GDP rose to $483.73 billion in 2024, up from $482.95 billion in 2023, according to World Bank. This represents almost no change from the previous year, with a slight increase of $777.67 million and accounts for 0.43% of the world's total GDP. Norway has GDP higher than the global median ($483.73 billion vs median $35.85 billion). Compared with the median in Europe, Norway is higher ($483.73 billion vs regional median $126.99 billion) and ranks 15th out of 48 countries in Europe.

Norway's GDP per capita rose to $79,670.14 in 2024, up from $78,775.85 in 2023.

Yearly Historical Data (1960-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 483.73
2023 482.95
2022 596.3
2021 503.37
2020 367.63
2019 408.74
2018 439.79
2017 401.75
2016 370.96
2015 388.16
2014 501.74
2013 526.01
2012 512.78
2011 501.36
2010 431.05
2009 387.98
2008 464.92
2007 402.64
2006 346.92
2005 309.98
2004 265.27
2003 229.39
2002 195.91
2001 174.24
2000 171.46
1999 162.38
1998 154.23
1997 161.36
1996 163.52
1995 152.03
1994 127.13
1993 120.58
1992 130.84
1991 121.87
1990 119.79
1989 102.63
1988 101.9
1987 94.23
1986 78.69
1985 65.42
1984 62.06
1983 61.63
1982 62.65
1981 63.6
1980 64.44
1979 53.13
1978 46.52
1977 41.51
1976 35.94
1975 32.88
1974 27.15
1973 22.53
1972 17.36
1971 14.58
1970 12.81
1969 11.14
1968 10.23
1967 9.58
1966 8.75
1965 8.11
1964 7.21
1963 6.55
1962 6.11
1961 5.67
1960 5.2
Norway GDP : Definition
GDP measures the total value of all goods and services produced in Norway, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate 2.1% 0.07% 2024
GDP Growth Rate (QoQ) 0.8% 0.1% Jun'25
GDP Growth Rate (YoY) -2.1% -0.3% Jun'25
GDP per Capita $79,670.14 $78,775.85 2024
GDP per Capita PPP $91,108.24 $90,085.55 2024
R&D Expenditure (% GDP) 1.56% 1.89% 2022
Real GDP $443.94B $434.81B 2024